PPRO has announced its entry into the US market after securing £73 million in funding.
PPRO recently completed a dual tranche funding round to pursue growth in key markets for its local payments platform.
Stripe, PayPal and J.P. Morgan are just some of the names that work with London-based PPRO to accelerate their roadmaps, boost their conversions, and eliminate the complexities of local payments.
The London firm is led by Motie Bring (pictured), who was appointed to the position in September 2023 mere months after joining as chief commercial officer.
It says the growth potential is significant, with US eCommerce spending expected to reach $1.5 trillion by 2027.
US trade corridors between China, the UK and Canada account for 65% of cross-border sales, reinforcing the need for businesses to tailor their checkout experience based on consumer preference.
“As the global payments landscape becomes more fragmented, we’re seeing a rise in the adoption of local payment methods in the US such as BNPL and digital wallets, which mirrors what’s happening in Europe, LatAm, and APAC,” said Bring.
“With an expected eCommerce market of US$1.5 trillion by 2027, this provides opportunities for global businesses to expand their reach into the US and enhance customer experience.”
PPRO has previously expanded into the APAC region and LatAm.
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